From the Wires
Elemetal, LLC, a global precious metals conglomerate based in Dallas, Texas, adds over 4 million shares of common stock of DGSE Companies, Inc. to its holdings
By: PR Newswire
Jan. 7, 2013 05:29 PM
DALLAS, Jan. 7, 2013 /PRNewswire/ -- On January 2, 2013, NTR Metals, LLC contributed 4,393,142 shares common stock of DGSE Companies, Inc. to Elemetal, LLC in exchange for ownership units of Elemetal. NTR also agreed to contribute its option to buy 5 million additional shares of DGSE.
Elemetal's other principal holdings include OPM Metals™, NTR Metals®, and Echo Environmental™.
OPM Metals is the largest American refiner of good delivery gold and silver, and has earned SCS Global Services certifications for Certified Responsible Source Gold and Silver, and 100% Recycled Gold and Silver Content.
NTR Metals operates a worldwide network of over 70 precious metals processing locations in 12 countries. It serves more than 25,000 companies, ranging from small, independent businesses to large corporations.
Echo Environmental is a large-scale processor of hazardous and non-hazardous precious metal-bearing industrial byproducts. In 2012, Echo Environmental processed over 30 million pounds of these byproducts.
"We are pleased to expand our presence in the precious metals industry with the acquisition of a significant stake in DGSE," said Alan Stockmeister, Elemetal's Chairman of the Board. "DGSE's retail buying and selling capabilities augment our integration strategy in the precious-metals industry's value chain and increase our capacity to serve the varied needs of our clients."
SOURCE Elemetal, LLC
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